Business Aims Objectives 2013 Year 9 GCSE Business

Business Aims & Objectives , 2013 Year 9 GCSE Business Studies

Learning Objectives £ To know the difference between a aim and a business objective (E-D) business ££ To understand why businesses have different aims and objectives, and why they are set (C-B) ££ To apply aims and objectives to different of business (C-B) types

Starter Activity n n n What if the world ran out of petrol tomorrow What if it was never going to be over 25*C in Brentwood forever What if you had to stay in compulsory education until after University What if Police went on strike for a week What if televisions were not to be used on a Saturday

Scenario n n David Beckham has retired and wants to keep himself busy, so he has decided to set up a business selling replica sports shirts. He decides to hire a small stall in Camden market, and has decided to work 7 days a week. With every purchase- David said that he will sign the shirt to help boost early sales In the future David wants to replace his stall with his own shop

Aims and Objectives n An Aim: A large broad, unspecific target that a business has set for itself in the future n An Objective: Smaller tasks that will all contribute to the completion of the main aim

What may/were the following aiming for? How might they achieve these aims?

Learning Objectives n To know the difference between a business aim and a business objective n To understand why businesses have different aims and objectives – and why they are set n To apply aims and objectives to different types of business

Miss Burr’s Sprite Spree! § It cost me 10 p to buy these from Cost. Co! What would be my FIRST aim when selling these on?

Miss Burr’s Sprite Spree! One year on…. . What would I hope to be able to do when selling my cans of Sprite after a year? Selling them for 14 p!!!

Miss Burr’s Sprite Spree! 18 months on…. What would I hope to be able to do when selling my cans of Sprite after 18 months? Provide a GOOD Customer Service

Miss Burr’s Sprite Spree! 2 years on…. What would I hope to be able to do when selling my cans of Sprite after 2 years?

Miss Burr’s Sprite Spree! Expand – Growth!!!

Typical Business Aims Survival- Making sure the business is able to trade next year n Make a profit n Provide a GOOD service n Growth- Increase in size may mean more customers and more shops etc n

No because… DO ALL BUSINESSES AIM FOR THE SAME THING? Yes because… Charity and an Entrepreneur?

Skate Shack Watch Business Interactive and complete the activity

Learning Objectives n To know the difference between a business aim and a business objective n To understand why businesses have different aims and objectives, and why they are set n To apply aims and objectives to different types of business

What could the Aims and Objectives be for these?

Learning Objectives n To know the difference between a business aim and a business objective n To understand why businesses have different aims and objectives, and why they are set n To apply aims and objectives to different types of business